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Reply to "What is affordable housing to you?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In the DC area a HHI should be the goal 200k. That's 100k for 2 people or 200k for one if you prefer that model. For most college gradudates that is very easy to hit by 30-35ish So affordable housing to me is around there That puts the mortage payment at around 4000 a month which is selling price of around 900k If you aren't at 200k HHI or don't see how you could get there. I would consider moving plenty of other areas of the country where you can be very comfortable on say 100k HHI. The DC area isn't one of them. [/quote] :shock: I must be doing something wrong. You think thats "very easy" for "most" college graduates? :shock: With a Master's degree, I was making around $50K at age 30, around $65K by age 35 (when I had added a second Master's ), and now at 40, I make around $75K. I will likely [b]never[/b] make over $100K, let alone $200K. I am single, so I rely on my income alone. I do own my home, but it is very old, very small, and in need of a lot of work. [/quote] NP. Yikes, what kind of work do you do? Twelve years ago I made $65k doing communications and I just have a bachelors. Why even get a Masters if you’re in a field where you can’t break 100k?[/quote] I am a teacher. A Master's is pretty much the minimum at this point. [/quote]
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